Trend Table for EC - Ecopetrol S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 12	B	Weak or Absent	Up	Up	Up	9.44%
Jul 11	B	Weak or Absent	Up	Up	Up	11.30%
Jul 10	B	Weak or Absent	Up	Up	Up	13.33%
Jul 7	B	Weak or Absent	Up	Up	Flat	13.88%
Jul 6	B	Weak or Absent	Up	Up	Down	16.81%
Jul 5	B	Weak or Absent	Up	Up	Flat	13.55%
Jul 3	B	Weak or Absent	Up	Up	Up	12.79%
Jun 30	C	Weak or Absent	Up	Up	Down	14.99%
Jun 29	C	Weak or Absent	Up	Up	Down	14.43%
Jun 28	B	Weak or Absent	Up	Up	Flat	14.10%